10 things you need to know before the opening bell

10 things you need to know before the opening bell

New York Stock Exchange opens during COVID-19

Reuters

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Here's what you need to know before markets open.

1. Global stocks rise as hopes for prompt US fiscal stimulus revive the 'buy everything' trade. Global stocks rose on Monday as investors largely pinned hopes on a new US fiscal stimulus deal to get across the line. US stock futures rose as much as 1% even after House Speaker Nancy Pelosi rejected the Trump administration's latest proposal, or a stripped-down version of the coronavirus relief bill, calling it "grossly inadequate" over the weekend. The dollar index, meanwhile, fell 0.5%.

2. Goldman Sachs says sell the dollar due to the increasing odds of a Biden-led blue wave and progress on COVID-19